Summary by Moomoo AI
New Focus Auto Technology Holdings Limited ('New Focus') announced its interim results for the six months ended June 30, 2024. During this period, the Group's revenue was approximately RMB 237,593,000, a decrease of about 7.23% compared to the same period last year. Gross profit was approximately RMB 43,233,000, slightly lower than the same period last year. The loss during the period was approximately RMB 16,124,000, an increase from the same period last year. The loss per share was RMB 0.092. The Group maintains a solid financial position and continues to invest in fuel cell energy research and related businesses. During the period, the Group's hydrogen-related industrial companies have acquired core technology and equipment manufacturing capabilities for 180KW fuel cell systems for vehicles and MW-level hydrogen power stations. Looking ahead, New Focus will strengthen its management, improve business performance, and comply with listing rule requirements to ensure corporate governance meets standards.
